Lumber prices, jobless claims, and inflation: Pandemic economy update

Every week we take a look at the economy, how it's doing coming out of the pandemic, and answer some of the biggest questions of the week. Jobless claims were a little worse than estimates but pretty much par for the course we've been sailing for a few weeks now -- is this the new normal? Why are we still focused on the first quarter GDP, and what's the second quarter going to look like?Inflation is still making headlines -- do we still have it under control? And lumber prices are coming back down to earth a bit, how does that change the landscape for homebuilders? David Fiorenza, economist at the Villanova School of Business joins KYW Newsradio In Depth to talk about what happened this week in the economy and what it means for all of us in our daily lives.